DeBank is a DeFi wallet that offers a range of services such as DeFi portfolio tracking, DEX aggregation, and DeFi rankings. It has integrated hundreds of DeFi protocols across multiple chains including Ethereum, Binance Smart Chain, xDai chain, and Polygon. DeBank is rumoured to be doing a potential airdrop. Here’s our DeBank token airdrop guide.
DeBank airdrop step-by-step guide
Here’s a step-by-step guide on how to get a potential DeBank token airdrop:
- Connect to DeBank
- Mint your Web3 ID
- Connect accounts
- Collect badges
- Follow other users
Click here for more details
What is DeBank?
DeBank is a DeFi wallet that provides a variety of services such as DeFi portfolio tracking, DEX aggregation, and DeFi rankings. It has integrated hundreds of DeFi protocols across multiple chains including Ethereum, Binance Smart Chain, xDai chain, and Polygon. DeBank has raised US$25 million from notable investors such as Coinbase Ventures, Circle and Sequoia Capital China.
Will DeBank do a token airdrop?
DeBank has not announced a token or a token airdrop yet. However, other similar projects such as Zerion are rumoured to be releasing a token and doing a token airdrop. And projects gain a huge influx of users and popularity simply by doing airdrops. So, there is a chance DeBank may also do an airdrop in order to attract more users.
How to get a potential DeBank token airdrop?
Time needed: 45 minutes
Here’s how you can get a potential DeBank token airdrop.
- Connect to DeBank
Connect your Web3 wallet to https://debank.com/
- Mint your Web3 ID
On the dashboard, click “Mint your Web3 ID” and follow the steps. Note that it will cost US$96 to mint the ID.
- Connect accounts
Connect your email and Twitter accounts.
- Collect badges
Go to https://debank.com/badge and mint badges if eligible. Eligiblity criteria include having over 100 followers, having a DeBank Web3 ID or having over 100 days since the first on-chain transaction.
- Follow other users
On the badge details pages, you will see other users who have already minted a badge. Click “follow” to follow them. The purpose of this is to get more TVF (i.e. Total Value Followed) which will make you eligible for other badges.
Airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: DeBank has not announced a token or an airdrop yet. But there could be a good chance they would do one in the future considering how effective airdrops are for crypto projects to gain wider audiences.
Airdropped Token Allocation: DeBank has not announced a token yet.
Airdrop Difficulty: The initial US$96 fee to mint a Web3 ID is admittedly a huge turnoff. But aside from having to pay, mint badges and follow other users is very simple.
Token Utility: DeBank has not announced a token yet.
Token Lockup: DeBank has not announced a token yet.
